Alternative Home Ownership trends
in calgary
The Calgary region has been experiencing a significant increase in homebuyers exploring non-traditional forms of home ownership over the past year.
People want to participate in the housing market, and are determined to find creative ways to do so.
Looking ahead at the 2024 market, while challenging to estimate, it's reasonable to expect an increase in this current trend, due to ongoing affordability challenges.
Beyond seeking a helping hand to gain a foothold into home ownership, the RE/MAX network had reported an uptick in homebuyers' or current homeowners' interest in secondary suites as a way of earning additional income.
regional insight
buyer concerns and misconceptions:
1. Lacking knowledge on alternative ownership options
2. Potential conflicts with coowners, family or friends
3. Lack of control of property/asset
most-common forms of
non-traditional ownership:
1. Joint tenants
2. Income/secondary suites
3. Co-ownership/co-equity
Seller perceptions
Calgary property sellers have shown no critical concerns about accepting an offer from a homebuyer employing non-traditional methods to purchase.
home-buying advice
Speak to agents with experience in creative financing for the latest market trends and neighbourhood insights to inform your search, and consider all the options before making an informed decision.
Regional insights and advice provided by RE/MAX brokers and agents. Each RE/MAX office independently owned and operated.